Post Utme Unn 2024 Commerce Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Unn Commerce examination.

Post Utme Unn 2024 Commerce Objective / Multiple Choice

Question 6 POST_UTME_UNN • 2024 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Which of the following is a consequence of this separation?

Correct Answer A. The owner is personally liable for the business's debts.

B. The business is taxed separately from its owner.

C. The owner has unlimited liability for the business's actions.

D. The business is exempt from paying corporation tax.

Correct Answer

Correct Option:

The owner is personally liable for the business's debts.

This is Post Utme Unn 2024 Commerce Question 6. It is one of the objective questions from the 2024 Post Utme Unn Commerce examination.

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